Table 2.4

Table 2.4 shows the output per week of two jewellers, Sabrina and Holly. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2.4. What is Holly's opportunity cost of making a bracelet?
A)3/4 of a bracelet
B)3 bracelets
C)1.2 necklaces
D)2.4 necklaces

Question

Table 2.4
  
Table 2.4 shows the output per week of two jewellers, Sabrina and Holly. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2.4. What is Holly's opportunity cost of making a bracelet?
A)3/4 of a bracelet 
B)3 bracelets 
C)1.2 necklaces 
D)2.4 necklaces

Quizplus · Accepted Answer

To find Holly's opportunity cost of making a bracelet, we need to look at the table and see what she would have produced if she had not made the bracelet. In this case, she would have made 1.2 necklaces instead. Therefore, her opportunity cost of making a bracelet is 1.2 necklaces.

Based on the table, the best choice(s) would depend on the individual's preferences and priorities. Sabrina produces more necklaces per week than bracelets, while Holly produces more bracelets. Therefore, if the jewellers prioritize making more necklaces, they should focus on making necklaces. If they prioritize making more bracelets, they should focus on making bracelets.

Table 2.4 Table 2.4 Shows the Output Per Week of Two Jewellers